The amount of the transaction was not disclosed. As part of the deal, John Kim and Evan Karp from H.I.G. Growth Partners will join the LuLu*s Board of Directors along with Shelley Nandkeolyar, who brings over 20 years of experience that span both apparel and direct-to-consumer e-commerce.
The investment will provide the company with the capital and strategic resources necessary to grow the LuLu*s brand.
Co-founded in 1996 by Colleen Winter and Debra Cannon, LuLu*s is an online style destination that curares a unique product assortment that includes the LuLu*s label, new designers and favorite go-to brands.